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Press Release

FreedomWorks Statement in Response to $984 Billion CBO Budget Deficit Estimate

10/07/2019

WASHINGTON, D.C. -- In response to the Congressional Budget Office’s (CBO) recently released final estimated budget deficit for FY 2019, which shows the deficit reaching $984 billion, Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:

“Democrats and Republicans must be held responsible for the outrageous deficit reported today by the CBO. Fiscal sanity has all but escaped Washington, as evidenced by this year’s cap-busting budget deal. This unsustainable situation is only going to get worse.

“In spite of record revenues, the deficit has grown to a nearly insurmountable figure under Congress’ watch — or more accurately, its lack thereof. If the federal government is to one day get its fiscal house in order, Congress needs to take a hard look at cutting spending, which means considering real reforms to mandatory spending programs, the primary drivers of the deficit.”

Tags Budget, spending, deficit, fiscal conservatism

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10/08/2019

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